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s60

2023 VOLVO S60
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2023 VOLVO S60's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 VOLVO S60 in 2023 was $40,505.
The average price for used 2023 VOLVO S60 nowadays in 2024 is $36,000 which is 89% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2023 VOLVO S60. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 VOLVO S60 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
YearAverage MileageAverage Price% Left% Lost
2023 MSRP0 mi$40,505100%0%
202310,146 mi$43,500−$2,995−7.39%107.39%-7.39%
202420,292 mi$36,000+$7,500+17.24%88.88%11.12%
202530,438 mi$31,250+$4,750+13.19%77.15%22.85%
202640,584 mi$28,900+$2,350+7.52%71.35%28.65%
202750,730 mi$25,900+$3,000+10.38%63.94%36.06%
202860,876 mi$23,998+$1,902+7.34%59.25%40.75%
202971,022 mi$18,995+$5,003+20.85%46.9%53.1%
203081,168 mi$16,995+$2,000+10.53%41.96%58.04%
203191,314 mi$14,795+$2,200+12.94%36.53%63.47%
2032101,460 mi$12,988+$1,807+12.21%32.07%67.93%
2033111,606 mi$10,995+$1,993+15.34%27.14%72.86%
2034121,752 mi$9,998+$997+9.07%24.68%75.32%

Price vs Mileage

Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO S60’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
5,000 mi$37,99130 sales
10,000 mi$37,38144 sales
15,000 mi$34,70033 sales
20,000 mi$36,89532 sales
25,000 mi$34,79118 sales
30,000 mi$33,91310 sales
Frequently asked questions
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Aftermarket modifications can affect the depreciation of 2023 VOLVO S60 either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Other years of VOLVO S60
s60
2001 VOLVO S60
$3,799 average used price
590+ sales records
s60
2005 VOLVO S60
$5,195 average used price
1,400+ sales records
s60
2006 VOLVO S60
$5,225 average used price
2,200+ sales records
s60
2008 VOLVO S60
$4,995 average used price
1,600+ sales records
s60
2015 VOLVO S60
$12,988 average used price
18,400+ sales records
s60
2018 VOLVO S60
$18,995 average used price
9,700+ sales records
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